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Cancellation of financial claim on the services land "Tiba Gardens"

In the context of maximizing our company's investment and working on resolving the obstacles that hinder its launch, our company owns buildings of services in its housing project "Tiba Gardens" in 6th October which exceed the investment value more than 300 million pounds, in the last period the project (buildings of services) was stumbled because there were a disputation between our company and the appliance of supervision as the appliance of supervision demand from the company 68 million pounds. Senior management's efforts have continued and been several negotiations between the appliance of supervision and our company by Chairman of the Board which resulted in the granting our company deadline for a year for the completion of the business considering that the previous financial claim is cancelled, which will lead to invest these buildings for the benefit our company.

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